Long Term Care Insurance for CARP Members
CARP members: According to the Canadian Life and Health Insurance Association, over 70% of people over age 65 will ultimately require some long term care. Daily care is required when you are physically or cognitively dependent as a result of an accident, illness or aging.
With reduced government health plan coverage for long term care programs, monthly expenses may reach thousands. Perhaps that’s why it’s predicted that the average Canadian will soon spend more time caring for their elderly family members than raising their children. Long term care insurance is the logical solution.
- Unsurpassed Experience: Our program partners, MyDignity have offered long term care insurance for more than 30 years. They’ll shop the market to find the best solution, best value, based on your specific benefit and coverage needs.
- If you were to lose the ability to care for yourself, a tax-free income benefit would give you the freedom to choose the type of care you want, in a facility or your own home.
- While coverage is available up to age 80, lower rates are typically available to age 65.
Long Term Care Insurance for CARP Members helps protect your savings and independence, and allows you to choose where you want to receive care.
What to Look For
As CARP’s recommended insurance provider, we have a responsibility to help you make an informed buying decision. Our latest issue of Insurance Insights contains information that will help you compare different insurance products “apples-to-apples”.
Click Here to read the current issue – Volume 8, Issue 2
Insurance policies administered by MyDignity Inc.
The Long Term Care Illness Insurance Plan for CARP Members is administered by MyDignity Inc. and offered by The McLennan Group Life Insurance Inc. Product may not be available in all provinces. Terms, conditions, limitations, exclusions and termination provisions apply, see policy or a MyDignity representative for details. Life and Health Plans offered by The McLennan Group Life Insurance Inc. Auto & Home Program offered by The McLennan Group Insurance Inc.